US-based International Paper (IP) has announced that Rampraveen Swaminathan has been named president IP India, effective November 1, 2014, and will continue to serve as a vice president of the company. Swaminathan will replace Michael W Amick Jr. In his new role, Swaminathan will be responsible for IP’s business interests in India.
Swaminathan joined IP in 2012, as managing director and chief executive officer of IP-APPM. The American company had acquired Andhra Pradesh Paper Mills (APPM), which has two manufacturing units in AP with a combined paper production capacity of 240,000 tonnes a year. Swaminathan will continue to be based in Hyderabad and will be responsible for IP-APPM’s operations, IP stated in a press release.
Headquartered in Memphis, Tennessee, IP employs approximately 65,000 people and is located in more than 24 countries serving customers worldwide. It's net sales for 2013 stood at $29 billion.
